RIAA report: streaming music in 2016 grew 68% YoY to bring in 51% of total revenues in music market, as total retail sales hit $7.7B, up 11.4% YoY

2016 was a year of significant progress for the American music business. Powered by 22 million subscriptions, streaming overtook all other formats, generating the majority of industry revenues for the first time. Overall retail revenues grew 11.4%.